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Flex Ltd has reached a significant milestone as its stock price hit an all-time high of 53.99 USD, with InvestingPro data showing the company now commands a market capitalization of $20.25 billion. This achievement comes amid a robust year for the company, with its stock price experiencing a remarkable 67.41% increase over the past 12 months. The surge in Flex’s stock highlights investor confidence and the company’s strong performance in the market, supported by management’s aggressive share buyback program and five analysts recently revising their earnings expectations upward. According to InvestingPro analysis, analysts have set price targets ranging from $50 to $65, suggesting potential further upside. As the company continues to expand its operations and deliver solid financial results, market analysts will be closely watching to see if Flex can maintain this upward trajectory. While current prices indicate slight overvaluation according to InvestingPro’s Fair Value model, subscribers can access 13 additional ProTips and comprehensive analysis to make more informed investment decisions.
In other recent news, Flex Ltd. reported impressive financial results for the first quarter of fiscal year 2026. The company posted an adjusted earnings per share (EPS) of $0.72, surpassing analyst expectations of $0.63. Flex’s revenue also exceeded forecasts, reaching $6.6 billion compared to the anticipated $6.26 billion. In addition, Flex raised its revenue guidance for the year to $26.5 billion from the previous $25.9 billion. KeyBanc Capital Markets has maintained its Overweight rating on Flex stock, despite a recent sell-off, viewing it as a buying opportunity. The firm noted that concerns over maintained operating margin guidance of 6.0-6.1% contributed to the stock’s decline. Furthermore, Flex has entered into a five-year warrant agreement with Amazon.com Inc., which is seen as a positive sign of their ongoing commercial relationship, according to analysis by Raymond James. However, the specific business areas covered by this agreement remain unspecified.
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